Shenzhou International Group Holdings (HKG:2313) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥28.7b (up 15% from FY 2023).
- Net income: CN¥6.24b (up 37% from FY 2023).
- Profit margin: 22% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥4.15 (up from CN¥3.03 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shenzhou International Group Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥8.06b (28% of total revenue). Notably, cost of sales worth CN¥20.6b amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥1.94b (88% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥400.3m. Explore how 2313's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong.
Performance of the Hong Kong Luxury industry.
The company's shares are up 5.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Shenzhou International Group Holdings you should know about.
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